SATELLITE BEACH, Fla., Dec. 8, 2010 /PRNewswire/ -- Cutting-edge solar houses would not be complete without state-of-the-art LED lighting, so Lighting Science Group (OTC Bulletin Board: LSCG) has become a proud sponsor of the U.S. Department of Energy's Solar Decathlon 2011. The Solar Decathlon is an award-winning program that challenges 20 collegiate teams to design, build, and operate solar-powered houses that are cost-effective, energy-efficient, and attractive. The winner of the competition is the team that best blends affordability, consumer appeal, and design excellence with optimal energy production and maximum efficiency.
The first Solar Decathlon was held in 2002; the competition has since occurred biennially in the U.S. 2005, 2007, and 2009. The next event will take place on the National Mall in Washington, D.C., Sept. 23–Oct. 2, 2011. Open to the public free of charge, visitors can tour the houses, gather ideas to use in their own homes, and learn how energy-saving features can help them save money today.
"We are excited and proud to be a lighting sponsor of the U.S. Department of Energy's Solar Decathlon," said Zach Gibler, chairman and chief executive officer of Lighting Science Group. "Teams around the world will now have a chance to further increase their house's efficiency with the use of our ultra-efficient, high-performance and low-cost LED products."
For years, high-output and low-cost LED lighting products have been just out of reach from a cost basis, but Lighting Science Group has revolutionized the science of light in America to produce lighting products that deliver on the promise of LED technology. From the International Space Station to the Times Square Ball to other projects in major cities across the world and now in homes, the company's LED solutions are increasing energy independence and saving consumers, businesses and governments significant amounts of money. In fact, Lighting Science Group is the chosen partner of NASA to develop cutting-edge lighting technologies for use in space, and recently received the industry's first ENERGY STAR label for an LED light bulb.
Major lighting retailers like The Home Depot, lighting companies, retail chains, restaurants, cities like Salt Lake City, UT and Lewiston, ME, military installations such as Naval Base Ventura County, CA, and world renowned architects and builders have all chosen Lighting Science Group to be their lighting technology provider. Why? The company's products produce a better combination of more light at a lower price—with longer life and better lighting quality—than other LED products on the market.
For more information on Lighting Science Group's LED products, visit www.lsgc.com.
About Lighting Science
Lighting Science Group Corporation designs, develops, manufactures and markets LED lighting solutions that are environmentally friendlier and more energy efficient than traditional lighting products. Lighting Science Group offers retrofit LED lamps in form factors that match the form factor of traditional lamps or bulbs and LED luminaires for a range of applications including public and private infrastructure for both indoor and outdoor applications. Lighting Science Group Design Works business unit designs, develops and manufactures custom LED lighting solutions for architectural and artistic projects. Lighting Science Group is headquartered in Satellite Beach, Florida; the Company's European operations are based in Goes, The Netherlands; and, the Company has a sales office in Sydney, Australia. Lighting Science Group has over 400 workers in its Satellite Beach, Florida manufacturing facility that build lighting products from domestic and imported parts. Lighting Science Group is a Pegasus Capital Advisors portfolio company. More information about Lighting Science Group is available at www.lsgc.com.
Forward Looking Statements Certain statements in this press release may constitute "forward-looking statements" made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The statements include, but are not limited to statements regarding the performance of LSG and the performance of LSG's products using terminology such as "will," "should," "would," "could," "expect," "intend," "plan," "anticipate," or "believe." Such statements reflect the current view of LSG with respect to future events and are subject to certain risks, uncertainties and assumptions. Known and unknown risks, uncertainties and other factors could cause actual results to differ materially from those contemplated by the statements. In evaluating these statements, you should specifically consider various factors that may cause our actual results to differ materially from any forward-looking statements. Readers should carefully review the risk factors detailed under "Risk Factors" in our most recent Form 10-K and subsequent Form 10-Qs on file with the Securities and Exchange Commission.
SOURCE Lighting Science Group Corporation